1.Each Regent institution and the Board Office will set its own
eligibility requirements for participation in its basic retirement
program with TIAA-CREF or in a plan substituted in accordance with each
institutional policy.

2.Permanent employees of Iowa School for the Deaf and Iowa Braille
and Sight Saving School will have the option of selecting between IPERS
and TIAA-CREF for their retirement program.The rate of contribution will be at the current IPERS rate.

B.Options
for Former Employees

1.
A former employee or retiree may convert his or her TIAA-CREF account to
any financial instrument he or she deems appropriate.